Two Sigma Alphas, ESPN’s Talent Philosophy, A Globes Preview

Welcome back to The Daily Courant, your afternoon crib sheet to Puck’s best new reporting.

First up today, Lauren Sherman presents her candid conversation with Sporty & Rich founder Emily Oberg. The duo dish about U.S. Open fashion, dig into Chanel’s current merchandising strategy, address the pseudo-controversy surrounding S&R’s recent Wall Street-themed collection, and much more.

Plus, below the fold: Abby Livingston reveals the congresspeople preparing to make the short march from the Hill to K Street. William D. Cohan chronicles the shaky denouement to a blistering Wall Street feud. Marion Maneker previews the art market’s next essential injection of high-quality 20th century works. On The Town, Matt Belloni rings up media analyst Steven Cahall to unpack the ironies and exigencies surrounding Warner Bros. Discovery’s business, and then Matt offers a provocative Golden Globes prediction. And on a special crossover episode between The Powers That Be and The Varsity, John Ourand and Jimmy Pitaro discuss ESPN’s strategic realignment, sports rights deals, talent philosophy, and more.

LAUREN SHERMAN

Lauren welcomes Sporty & Rich founder Emily Oberg to the show. They talk Paris versus Los Angeles and why tennis kits are far more boring than they used to be. Emily also shares her opinion on Chanel’s current merchandising strategy and addresses the pseudo-controversy around Sporty & Rich’s recent Wall Street-themed collection.

ABBY LIVINGSTON

In just a few months, a new crop of elected officials will trade their legislative power for the higher calling of the lobbying industry. Unfortunately, according to my K Street sources, an increasingly weak crop of lawmakers is cycling through the revolving door—unless, say, Tim Walz needs a job...

WILLIAM D. COHAN

News and notes from the Wall Street hype machine as Berkshire Hathaway hits $1 trillion, Sam Altman’s OpenAI trades at 33x (!) revenue, and Two Sigma continues to flirt with disaster.